Step inside this Elizabeth South home and you’ll see for a small cost and a bit of effort you could flip it and make a tidy profit.
But there’s one slight catch – in order to enter it you’ll have to sign a waiver.
The 59 Goodman Rd property’s online listing states at the top: “Please note: Due to contamination, all attendees will be required to sign a waiver prior to viewing the property.”
“Yeah, it’s meth,” selling agent Mike Lao of Edge Property said.
“The owner is going through an insurance claim and the assessor has said that there’s still some contamination in some of the bedrooms, so we’re making the report available, but they haven’t like come back to do the remediation works, which is just essentially to paint over it. “We’re just covering our ourselves in the vendor.
59 Goodman Rd, Elizabeth South. Supplied
A little bit overgrown but not too bad. Supplied
Inside it’s another story. Supplied
“I think other states have mandatory reporting for this, but here we’re just being overly cautious.
Testing for methamphetamine prior to sale or renting isn’t compulsory in SA, but Mr Lao said its criminal element meant one was undertaken.
“Because the insurance company got involved and the people involved were busted, it’s been tested,” he said.
“I have had other properties I’ve sold and, like how you can buy subject to a building inspection, a couple have done ‘subject to a meth test’.”
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Mr Lao said the home was an investment property, with the owner interstate extremely disappointed that it had been used in the manufacturing of an illicit substance.
It turns out getting the home ready for the market hasn’t been the easiest job in the world either.
“The reason they can’t finish the remediation work is because squatters were in there, so I’ve had to go evict the squatters,” Mr Lao said.
The property was used as a clan lab. Supplied
The kitchen’s in decent condition. Supplied
Can’t say the same for that bedroom floor. Supplied
“I’ve had to get them out and then we’ve changed the locks and stuff and we fixed the rollerdoor but then they busted in again, so we’re just leaving the rollerdoor open, rather than causing more damage.
“They’re just staying in the sheds outside, so we’ve managed to secure the inside of the home, but yeah, fun and games.
“We’ll sell anything and we’ll do whatever it takes to get a house sold, even evict squatters.”
The three-bedroom home sits on a 536sqm block and has a price guide of $429,000 to$469,000.
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Mr Lao said it has attracted solid interest and several offers, despite the fact that a number of walls have been spray-painted, and some of the flooring has been removed.
“They’ve ripped up the floorboards, to use it as fire wood, as you do,” he said.
You might have to fix some holes here and there. Supplied
Again, bathroom’s not terrible. Supplied
Floorboards are gone here too. Supplied
“There’s some copper piping missing too, but that said it’s a small house so it shouldn’t take much to get it up and running again.
“We’ve got good offers there, unconditional offers from that people are going to do it up and flip it.
Bit of work and it’d do up OK. Supplied
A few solid afternoons and this back yard could be something special. Supplied
“Once they’re renovated, homes in the area are selling for over $500,000 to $550,000, so that does leave a little bit of profit for them, depending on what they can pick it up for.”
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